2550 HAYES ST N E MINNEAPOLIS MN 55418

PID: 1202924130092

Property Overview

Parcel ID1202924130092

Lot Size5,255 sq ft (0.121 ac)

Lot Dimensions (est.)125 ft wide × 42 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerB M CORBETT & A CORBETT

Assessed Value$394,200

Land Value$133,000

Building Value$261,200

Annual Tax$6,021

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $97K total declared value · Most recent: Feb 2024 (accessory)

AccessoryFeb 2024Closed

$23K

SUSSEL CORP

ExistresJun 2020Closed

CENTERPOINT ENERGY

AdditionApr 2019Closed

$3K

RONCOR CONSTRUCTION INC

ExistresJan 2019Closed

Sayler Heating & Air Conditioning Inc

ResNov 2018Closed

Southtown Plumbing Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,181/mo

Renter-occupied31.9%

Median home value$356K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1012

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth85 ft

Area~2,723 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on sfr / adu benchmarks for 2,723 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2546 HAYES ST N E MINNEAPOLIS MN 55418	AMY L PATRICK	RESIDENTIAL	$303,700	42 ft
2554 HAYES ST N E MINNEAPOLIS MN 55418	CARRIE OLSEN & RYAN OLSEN	RESIDENTIAL	$444,000	45 ft
2542 HAYES ST N E MINNEAPOLIS MN 55418	TREVOR & STEPHANIE KAIHOI	RESIDENTIAL	$337,000	84 ft
2538 HAYES ST N E MINNEAPOLIS MN 55418	N S STILSON & D STILSON	RESIDENTIAL	$297,800	126 ft
2551 ULYSSES ST N E MINNEAPOLIS MN 55418	JUSTIN TAI ZINGSHELM	RESIDENTIAL	$364,700	139 ft
2547 ULYSSES ST N E MINNEAPOLIS MN 55418	ERIN K TOMCZYK	RESIDENTIAL	$342,600	145 ft
2555 ULYSSES ST N E MINNEAPOLIS MN 55418	S J WOLYNIEC & C M WOLYNIEC	RESIDENTIAL	$473,500	145 ft
2600 HAYES ST N E MINNEAPOLIS MN 55418	A WINKELS & C FOSSUM TRUST	RESIDENTIAL	$329,100	148 ft
2543 ULYSSES ST N E MINNEAPOLIS MN 55418	ALEXANDER QUINN GATERUD	RESIDENTIAL	$333,600	163 ft
2534 HAYES ST N E MINNEAPOLIS MN 55418	LINDA J BENZINGER	RESIDENTIAL	$410,900	168 ft

Property History

Most Recent Sale

Date200604

Price$198,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,021